Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. direct materials purchases budget pasadena candle

Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candies for January, Wax...

60.1K

Verified Solution

Question

Accounting

image
Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candies for January, Wax is required to produce a candie. Assume 10 ounces of wax is required for each candie. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs $1.24 per pound, determine the direct materials purchases budget for January (One pound = 16 ounces.) For those boxes in which you must enter subtracted or negative numbers use a minus sign Pasadena Candle Inc. Direct Materials Purchases Budget For the Month Ending January 31 Pounds of wax required for production: Candles Desired ending inventory, January 31 Total units available tatimated beginning inventory, January 1 Total pounds to be purchased Unjt price (per 16.) Total direct materials to be purchased in January 952.83 x 332.13 X 14,300 x 547.113 X 17.900 X 529,213 X 1.80 X Remember to take into account materials required for production desired ending materiais wventory and strated Do E IN gorec Check My Vork 1 more Check My Work uses remaining Next

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

It is generally believed that there is a relationship between a college’s acceptance rate and its...

Statistics
Q

Define the following on R3: 〈(a, b, c), (a′, b′, c′)〉 = 2aa′ + bb′ +...

Advance Math
Q

put the following processes of protein synthesis translation steps in the correct order : A- the next...

Biology
Q

1 Assume that the R allele in tomatoes causes red coloration and r r have...

Biology
Q

o 0 in case if no response is typed selected In the circuit shown in...

Physics
Q

Question conter example or dis approve Prove by Mathematical induction yan 1 is divisible by...

Basic Math
Q

data to uct the relative quency Natural births randomly selected from four hospitals in New...

Statistics
Q

f x is a rational function given in both standard and factored forms Let f...

Algebra
Q

Magic Cleaning Co.had these account balances at the end of the calendar year. Account...

Accounting
Q

Bonds Issued At Premium. Between Interest Date. Illustration: On February 1, 2025, IBM issues 10-year...

Accounting
Q

Janice and Derek, two audit staff associates assigned to the audit of Peabody Enterprises are...

Accounting
Q

How do i use quick ratio (acid test) if there is no accounts receivable listed...

Accounting